A BRICS currency was a topic at the2024 BRICS Summitthat took place October 22 to 24 in Kazan, Russia. At the summit, the BRICS nations continued their discussions of creating a potentially gold-backed currency, known asthe "Unit,"as an alternative to the US dollar. The potential BRICS cu...
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit. It gained 0.2% to 13.53 per US dollar, according to data published on the Reserve Bank of Zimbabwe's ...
Zimbabwe's central bank launched a new "structured currency" backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilize the country's long-floundering economy. The ZiG—short for Zimbabwe Gold—will replace the Zimbabwean dollar which has tumbled in value over the past ...
Are we on the cusp of a more significant shift to gold – a ‘new gold standard’?The de-dollarisation driver One key driver behind the recent positive narrative on gold has been the renewed ‘de-dollarisation’ debate. It is argued that the US Dollar’s dominance in global trade and...
Dollar Down in New York; Gold SteadyNEW YORK (AP) - The dollar tumbled in choppy U.S. trading Tuesday, weighed down by additional evidence of sluggish economic activity and expectations of further interest rate declines.U.S. NewspapersTHE JOURNAL RECORD...
An employee sorts gold jewelry at a shop in Renhuai, Guizhou province. CHEN YONG/FOR CHINA DAILY Global spot gold prices soared to new heights on Monday, reaching $2,740 per ounce, following multiple records since the year began. Experts predicted possible fresh highs backed by US Federal Re...
Gold price in NZD (New Zealand Dollar). Historical chart and real-time quote (live price per gram, ounce, kilo) on the LBMA, yearly performance in New Zealand Dollar.
Gold Price in Taiwan Today: per oz 94,547.79 New Taiwan dollars. Gold price in Taiwan today's latest current gold rates. 24-hour spot gold price live in Taiwan. The most current gold price in New Taiwan dollar 24,22,18,14,10,6 carat
An employee sorts gold jewelry at a shop in Renhuai, Guizhou province. CHEN YONG/FOR CHINA DAILY Global spot gold prices soared to new heights on Monday, reaching $2,740 per ounce, following multiple records since the year began. Experts predicted possible fresh highs backed by US Federal Re...
The gold-backed ZiG, which stands for Zimbabwe Gold, is the country's sixth attempt at a stable currency in 15 years. It was introduced in April at a rate of 13.6 ZiG per U.S. dollar and has since lost almost 80% of its value on the black market. ...